I just really do not know about selling.
At some point, there will just be no buying back in.
I know it is coming, but i let myself get too scared to accurately predict it.
I can see all the dominoes stacked up... the demolishing of on-ramps and off-ramps.
Dollar pegged coins showing too much signs of scammi-ness....
I know the highs and lows of bitcoin... but just have to ride them... HODL
because my fears do not let me trade the down side.
And i am unsure it is the bitcoin-halving but that the halving happens at a market-timing-pace. So, you end up with much more affect from the market, but the only real indicator people are looking at is the halving.
Diversification doesn't need to go back into fiat.
If you think fiat is not a good hedge there are plenty of other hedges out there.
Like greenhouses, homesteading, and otherwise sustainable or off-grid living.
Of course you're probably the one to lecture me on such things.
Not the other way around.
If and when I'm a crypto millionaire you can be damn sure I'll pick up a hunk of actual physical gold as well. Crypto is all about hedging in every direction. It is the profitable hedge that allows us to diversify back out into many potentially unprofitable directions. If I leverage my crypto to hedge in a dozen different directions and all but one of those hedges is a fail then I'll still have won, as that one successful hedge is potentially life-saving for not only me but the others around me.
It's also not hard to dump fiat for whatever at the first sign that it's looks like a terrible play.
The likelihood of USD crashing to zero overnight is quite low.
Even hyperinflating currencies in developing nations are a slow-burn compared to that.